INVESTMENTS IN SERVICER ADVANCES - Summary of Investments in Servicer Advances - Components of Funded Advances (Details) - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
Investment [Line Items]
Total	[1]	$ 7,426,794	$ 3,270,839
Servicer Advance Joint Venture [Member] | Servicer Advances [Member]
Investment [Line Items]
Principal and interest advances		2,229,468	729,713
Escrow advances (taxes and insurance advances)		3,687,559	1,600,713
Foreclosure advances		1,661,083	772,066
Total	[2]	$ 7,578,110	$ 3,102,492

[1] New Residential’s Consolidated Balance Sheets include the assets and liabilities of a consolidated VIE, the Buyer (Note 6), which primarily holds investments in servicer advances financed with notes payable. The Buyer’s balance sheet is included in Note 6. The creditors of the Buyer do not have recourse to the general credit of New Residential and the assets of the Buyer are not directly available to satisfy New Residential’s obligations.

[2] The following types of advances comprise the investments in Servicer Advances: December 31, 2015 2014Principal and interest advances$2,229,468 $729,713Escrow advances (taxes and insurance advances)3,687,559 1,600,713Foreclosure advances1,661,083 772,066 Total$7,578,110 $3,102,492